Looking for houses in Cobblestone Trace Condo in Virginia Beach? Excellent! Here are the Cobblestone Trace Condo homes for sale!
Cobblestone Trace Condos are a collection of affordable condos near Indian River Road and Ferrell Parkway. It is a great way to get into a desirable area of Virginia Beach with little money! This is a set of condos in the southern part of the Indian Lakes neighborhood. The Shopping is extremely convenient. Within walking distance is Indian Lakes Crossing and Parkway Marketplace. With a variety of large grocery stores and dining establishments, you will have most of your needs provided nearby. The commute is sure to be easy from here. Ferrell Parkway is a huge artery to North Eastern Virginia Beach. Indian River Road is a widely used artery to North Western Virginia Beach and it leads to Interstate 64. Nearby neighborhoods include Indian Lakes, Brigadoon and Glenwood. Cobblestone Trace Condo is in the Salem High School Zone.
We have a page with all the condos for sale in Indian Lakes. Click on this button to see everything currently listed there. When you find a home you would like to see, please let me know! Call (757)589-1237 and I will arrange a showing! Or, on the property, complete the Find Out More form and click submit. I will get information to you right away!
Looking to move to Alexandria in Virginia Beach? Great choice! Here are Alexandria, Virginia Beach homes for sale!
Alexandria is located near Kempsville Road and Centerville Turnpike. Most of the homes are 2 stories, but there are a couple of ranches. Access to Interstate 64 is down Centerville Turnpike to Indian River Road, north to i64. City View Park is a convenient walk away. The area is often called Woods Corner. Shopping is great! Wood Corner Shopping Center is right next to the neighborhood and has shopping, restaurants and nightlife. Other neighborhoods in the area are Brandon, Brigadoon and Charlestown. Alexandria is in the Tallwood High School Zone.
We have a page with all the homes for sale in Alexandria. Click on this button to see everything currently listed there. When you find a home you would like to see, please let me know! Call (757)589-1237 and I will arrange a showing! Or, on the property, complete the Find Out More form and click submit. I will get information to you right away!
Looking to move to the Bay Island Area? Here are the Bay Island homes for sale! Bay Island is fantastic! I see you have great taste! The neighborhood is actually an island in Virginia Beach. Bay Island is only accessible by boat, or by West Great Neck Road. A big percentage of the homes are on the water near Broad Bay. The neighborhood is in the Cox School District. It is near Lynnhaven and Green Hill Farms. Play golf at Broad Bay Point Country Club. Shopping is located up and down Great Neck Rd and on Shore drive. Many excellent restaurants dot the area.
We have a page with all the homes for sale in Bay Island. Click on this button to see everything currently listed there. When you find a home you would like to see, please let me know! Call (757)589-1237 and I will arrange a showing! Or, on the property, complete the Find Out More form and click submit. I will get information to you right away!
Looking to move toBay Colony in Virginia Beach? Here are Bay Colony homes for sale! This neighborhood has numerous luxury homes! Most of them tend to have large yards. Plenty of waterfront property exists here. Ocean access is provided via through Broad Bay and under the Lesner Bridge. Some of the properties line the Princess Anne Country Club Golf Course. The neighborhood is excellently located within a pleasant walk to the oceanfront beaches! Nearby neighborhoods include the North End, Shadowlawn and Birdneck. Homes in the area are in the Cox High School Zone.
We have a page with all the homes for sale in Bay Colony. Click on this button to see everything currently listed there. When you find a home you would like to see, please let me know! Call (757)589-1237 and I will arrange a showing! Or, on the property, complete the Find Out More form and click submit. I will get information to you right away!
1 a : a right, claim, or interest existing or valid in
equity b : the money value of a property or of
an interest in a property in excess of claims
or liens against it c : a risk interest or ownership
right in property
Equity is the part of your property that you actually own. If you own property that’s worth $250,000, and you have a mortgage with a remaining loan balance of $100,000, your equity in the property is $150,000. Repeat home buyers usually rely to some extent on the equity in their current home to help buy their next home. The more equity you have, the larger the possible down payment for the trade- up home.
Home equity also equals security, especially at the beginning of a mortgage loan, so little of your payment goes to principal that equity builds slowly.
Naturally, building home equity comes at a price, usually in the form of larger payments. If building home equity means incurring debt to make ends meet, then you’ve defeated the purpose of building equity in the first place.
One way is to make additional principal payments. Additional principal payments make sense when you save more on your mortgage interest expense on an after-tax basis than you would earn on your investments on an after-tax basis.
If you are able to deduct your mortgage interest from your income taxes and your marginal federal income tax rate is 27 percent or higher, then your after-tax cost of mortgage debt is between 3 and 4 percent. For instance, if you earn 4 percent pretax on a five-year CD, and you’re in the 27-percent bracket for federal income taxes, the after-tax return is less than 3 percent.
Before you start making additional principal payments, use one of the many amortization calculators you can find on the internet to do the math – how much interest you would save if you made additional principal payments and how much it would shorten your loan and increase your home equity.
The other way to build home equity faster is to refinance. Recently, the reason most people have refinanced is to lock in a lower interest rate and/or lower their monthly payment. But you can also refinance to shorten the term of your mortgage, which builds equity.
If you had a $200,000 30-year ARM at 8.13 percent and replaced it with a 15-year fixed rate loan at 6.75 percent, your monthly payment would go from $1485.69 to $1769.82.
Most sellers use part of their equity to pay selling costs, such as brokerage commissions and transfer taxes. Also, if you are delinquent on your property taxes, or have other liens secured against the property, such as an IRS tax lien, these would have to be paid at closing.
If you’re in the market for a new home, you’re probably in the market for a new mortgage. Here are 3 critical shopping tips for anyone looking for a new loan.
Know the Terms
All the terms of a loan matter. Unfortunately, shopping for a mortgage is not as simple as finding out how much a lender will let you borrow and at what interest rate. You’ll want to get a complete breakdown of what any offer your receive means to you on a monthly basis as well as how much money you’ll be spending over the life of the loan.
Not all Mortgages are the same
There are several mortgage types available to residential home buyers. Most people will shop for a traditional fixed rate mortgage, but other options are available including adjustable rate loans (ARMs), Federal Housing Administration loans (FHAs), and Veteran’s Administration loans. You’ll want to be sure to understand what kind of loan a lender is offering you.
Fees, Fees, Fees
Most loans have fees associated with them in additional to the principal amount borrowed to buy the home. You can sometimes borrow the money need to cover these fees, but that will obviously increase the overall amount of debt you undertake. Some fees are paid up front, and others are not due until closing.
If you’d like to chat with personally about how to shop for a mortgage and what other questions you can ask lenders to find the best deal, call us! We’ll get you started on the right path so we can start looking for your new home!
When you think about your dream home, are you seeing the house, or the neighborhood it’s in?
It’s easy to get caught up in bedroom and bathroom counts when you’re shopping for a new home, but the biggest choice you’re going to make in the process is of course the ‘where’ question. So how do you find the home that’s going to be the perfect fit for your whole lifestyle?
Here are three of my favorite tips to see if an area or a particular area is right for you:
Check out the basic stats.
What is the median sale price of homes in a given neighborhood? How do the local and nearby schools perform? What amenities are nearby? How popular is the neighborhood in today’s market?
See what the neighbors are doing.
Get a sense of local activities, and see if it looks like a place with frequent block-parties or if people may keep more to themselves.
Learn the traffic patterns.
Knowing that you’re close to the highway or a public transportation center is one thing. You should find out if there are frequent jams at key commuting times, or if a nearby farmers’ market limits road access during weekends. You may also want to consider how much parking is available, both for yourself and for when you want to entertain.
Give me call anytime you’d like to discuss which neighborhoods you’re considering. I’d love to talk about local real estate issues and market conditions you should consider as you’re building your home buying plan.
What kind of home are you looking to buy? New construction or previously owned? There are advantages to each approach.
Previously owned pros
You may not have the option to purchase or build a new construction home in your desired neighborhood. If location is a top priority, buying a resale home may be your only choice.
Established neighborhoods sometimes provide a stronger community base than newer developments.
Mature landscaping, including larger trees are typically not available with new construction homes.
Most home owners sell a property with all necessary appliances included, so you know the home is move-in, live-in ready.
New construction pros
Modern floor plans typically include popular room types and layouts that might not be available in older homes.
When you buy a new home, you often have the opportunity to choose the appliances you want and pick custom details like flooring options, window treatment, paint colors, etc. (Though these choices/upgrades usually come with additional cost.)
New homes are often constructed with energy-efficient materials and system including insulation, windows and heating/cooling systems.
Home builders often offer added protection to homebuyers by offering a home warranty.
If you would like additional information on which option might be your best choice or are ready to look at homes, please call us. We would be happy to help you!
Looking to move to the Columbus Station Area? Here are the Columbus Station homes for sale!
Columbus Station is in a super super spot. It is an affordable set of homes right next to some of the most upscale restaurants and shops in Virginia Beach! Interstate 264 is very close via Independence Blvd. Within walking distance is Best Buy, Dicks Sporting Goods, Barnes and Noble, Cheesecake Factory, Planet Music, Bed Bath and Beyond, Regal Cinemas, PF Changs, Ruth’s Chris and Pembroke Mall! There are dozens of other excellent places to enjoy yourself in varying ways. Columbus Station is near Thalia Village, Thalia Trace, andPembroke Manor. The neighborhood is in the Princess Anne High School District.
We have a page with all the homes for sale in Columbus Station. Click on this button to see everything currently listed there. When you find a home you would like to see, please let me know! Call (757)589-1237 and I will arrange a showing! Or, on the property, complete the Find Out More form and click submit. I will get information to you right away!
When it is time to sell your home, you want to price it to yield as much return as possible. Pricing strategy is one of the most important elements in selling your home.
A market analysis of your home will help you determine value. This involves analyzing the current competition, or, other similar properties currently on the market. I’ll look at properties that have already sold, to determine what people have been willing to pay for similar properties. I will also analyze properties that haven’t sold, some of which are overpriced.
The goal is to price the property accurately for the marketplace. You don’t want to leave money on the table, but you don’t want to overprice your home either. If you overprice the property, you risk having your home sit on the market. Then you may have to drop the price below what you could have received if it had been priced correctly to begin with. Upon seeing a home that is fairly priced, most motivated buyers offer full or almost full price.
When you are ready to sell, I’ll be happy to stop by for a quick view of your home. Together we will price it to sell for top dollar, in the shortest amount of time, with the least amount of inconvenience to you! Please call Tom at 757-589-1237 and let’s get started!